Balchem closes acquisition of SensoryEffects

3:29 PM MDT | May 7, 2014 | Vincent Valk

Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its headquarters in St. Louis, and will continue to be led by current management, including current CEO Charles Nicolais, Balchem says. The deal was financed partly by $400 million in borrowings from a $450 million credit facility provided by Bank of America (Charlotte, NC), Balchem...